amoy
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UPDATE 4-Canada approves Nexen and Progress Energy bids | Reuters
CNOOC has offered $15.1 billion to buy Nexen, which has Alberta oil sands assets and offshore operations in the North Sea, Gulf of Mexico and Nigeria.
In approving the deal, the Canadian government said CNOOC made significant commitments on transparency, employment and capital investments.
CNOOC's takeover of Nexen was overwhelmingly approved by Nexen shareholders in September, but the Canadian government delayed approvals while it drafted a long-promised update to the rules governing investments by state-owned foreign companies.